How will a change in the Bank of England Base Rate affect me?
If the Bank of England changes the Base Rate, your Standard Interest Rate will increase or decrease in line with this change. The change to your rate will be effective from the last working day of the month in which the Bank of England announcement is made.
Changes to your monthly payments will be effective from the statement in the month following the change in the Base Rate. Your monthly statement will always show you how much you need to pay and by when.
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